Davis Polk advised DBS Bank Ltd. and Morgan Stanley & Co. International plc as the solicitation agents in connection with a solicitation of consents by Central China Real Estate Limited from the holders of its 10.75% senior notes due 2016 to certain amendments under the indenture governing such notes. The amendments were made to conform the indenture to the terms of Central China’s 6.5% senior notes due 2017 issued on May 26, 2014.
Central China Real Estate Limited, listed on the Hong Kong Stock Exchange, is a leading residential property developer in Henan, China.
The Davis Polk corporate team included partner William F. Barron, counsel-registered foreign lawyer Gerhard Radtke and registered foreign lawyer Xuelin (Steve) Wang. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Members of the Davis Polk team are based in the Hong Kong and London offices.